Clifford Chance has advised BNP Paribas Real Estate on the acquisition of iii-investments, Munich, the real estate investment subsidiary of HypoVereinsbank (UniCredit Bank AG). The transaction is subject to the approval by the relevant regulatory authorities. The parties have agreed to maintain confidentiality with respect to the purchase price.

The new acquisition ranks BNP Paribas Real Estate's Investment Management business line as one of Europe's Top 10 real estate asset managers, with EUR 18 billion in assets under management.

Herbert Smith Freehills has advised Investa Property Group on the extension of the leasing of Telstra’s Sydney headquarters until 2025.

As part of the new leasing agreement, Telstra will lease 30,165 square metres in the 400 George Street tower for the next 12 years.

The Herbert Smith Freehills team was led by Partner Julie Couch, who was supported by Senior Associate Julie Jankowski.

Slaughter and May advised Legal & General Property on the real estate investment purchase of two Next distribution units, together with ancillary adjoining land, at Brookfields Park, Manvers Way, near Rotherham from the Tritax Next EZ Unit Trust. Legal & General Property has been granted and acquired long overriding leases, with options to acquire the freehold in 2016, subject to and with the benefit of 25 year FRI occupational leases to Next Group plc.

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The Firm is representing MIP Tower Holdings LLC (“MIP”), the parent company of Global Tower Partners (“GTP”) and related companies, in the $3.3 billion announced sale to American Tower Corporation (NYSE: AMT).  The purchase price will also include the assumption of $1.5 billion in existing debt, for a total purchase price of $4.8 billion. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2013.
 

Simpson Thacher is representing Hovnanian Enterprises, Inc. (NYSE: HOV) and its subsidiaries (the “Company”), one of the nation’s largest homebuilders and a long-standing client of the Firm, in connection with the registered offering by K. Hovnanian Enterprises, Inc., its wholly-owned subsidiary (“K. Hovnanian”), of $41.6 million of additional 6.25% Senior Notes due 2016 (the “Notes”). The Company intends to use the net proceeds from the offering of the Notes to fund the redemption of all of K.

San Francisco, CA – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Four Corners Properties LLC and Rockwood Capital LLC in an agreement with Google to lease 100 Mayfield Ave., known as San Antonio Station, in a deal that appears to be the largest lease in Silicon Valley this year.

Debevoise & Plimpton LLP is advising The Westfield Group in its agreements to divest seven non-core shopping centers in the United States to a Starwood Capital Group controlled affiliate for $1.64 billion.

Hermes Real Estate Investment Management Limited (Hermes) has acquired from the Metro group a 75 percent interest in a portfolio of 43 cash & carry stores across France, all leased back to Metro Cash & Carry France, by acquiring shares in the real estate investment vehicle (OPCI) holding these properties. The portfolio represents 50 percent of Metro Cash & Carry’s store network in France.

Los Angeles, CA and London, UK -- Paul Hastings LLP, a leading global law firm, is representing Jacobs Engineering Group Inc. (NYSE:JEC) in the acquisition of Australian engineering consulting firm Sinclair Knight Merz for a cash purchase price of approximately AUS$1.3 billion (approximately US$1.2 billion as of the date of this release).

Jones Day is advising Louisiana-Pacific Corporation ("LP") in connection with the acquisition of Ainsworth Lumber Co. Ltd. pursuant to a plan of arrangement for $1.1 billion. The acquisition consideration consists of cash, shares of LP common stock and the assumption of debt. LP has obtained written commitments from affiliates of Goldman Sachs and Bank of Montreal to provide up to $430 million of senior secured term loan financing.